-- The global plastic waste management market is expected to be driven by rapid industrialization, expanding urbanization, and growing awareness about the environmental effect of poor plastic waste management during the prediction period. Because of its unique characteristics and vast variety of uses, the plastic market is rapidly expanding. Plastic trash, which is non-biodegradable and responsible for large greenhouse gas emissions, is growing in popularity, posing a serious threat to the environment. As a result, the market is expected to be driven by the rising demand for efficient plastic waste disposal management throughout the projected period. The U.S. is one of the world's top producers of plastic trash. In comparison to the country's overall plastic waste output, the country's plastic recycling rate is relatively low. The majority of plastic trash produced in the United States is sent to nations such as Vietnam, China, Ecuador, Hong Kong, Colombia, Indonesia, and Thailand, where it is recycled, processed for energy, or disposed of in landfills.
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Leading players of the global plastic waste management market include TM Recycling GmbH., Kuusakoski Group, Hermion BV., PLASgran Ltd., Think Plastics Inc., Hawkvale Limited, Hahn Plastics Limited, Renova, Inc., Luxus Limited, United Plastic Recycling, and more others.
End-user demand for a higher percentage of reused plastic in containers is projected to support the growth of the plastic waste management market in the coming future. The usage of reused content in bundling reduces the bundle's natural appearance while increasing reusability. With a growing preference for reused plastic, interest in reused plastic is expected to grow, propelling the global plastic waste management industry. As part of their new cost-cutting strategy, several food and beverage companies are focused on increasing the amount of reused plastic in their containers.
Advanced technologies and frameworks for reprocessing, organizing, and sorting recyclable plastics are opening up new possibilities in the plastic waste management industry. Furthermore, the market is expected to be driven by regulations and guidelines imposed by the government and associated organizations across nations for plastic waste disposal management throughout the projected period.
The cost of producing recycled plastic is typically steady, but the cost of producing virgin plastic varies depending on the performance of the oil and gas sector and demand for crude oil-based goods across end-use sectors. This pricing volatility encourages long-term investments in recycling technologies and infrastructure.
Due to increasing industrialization and the enforcement of rigorous rules relating to plastic waste management and disposal procedures, Asia Pacific is predicted to lead the market and grow at a robust CAGR of 3.4 percent during the projected period. The growing importance of waste management and increasing disposable income in India, China, and Japan are driving the market growth.
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Key Segmentation of the Global Plastic Waste Management Market 2018-2025
Global Plastic Waste Management Market: Polymer Type Segment Analysis
• Polystyrene (PS)
• Polypropylene
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Others
Global Plastic Waste Management Market: Services Segment Analysis
• Landfills
• Collection
• Recycling
• Energy Recovery
Global Plastic Waste Management Market: Source Segment Analysis
• Industrial
• Residential
• Commercial & Institutional
• Others
Global Plastic Waste Management Market: End-Use Sector Industry Segment Analysis
• Wood and Furniture
• Textiles
• Construction
• Packaging
• Others
Global Plastic Waste Management Market: Regional Analysis
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• North America
US
Canada
Mexico
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
• South America
Argentina
Brazil
Chile
Rest of South America
Latin America
Major Topics Covered in this Report:
1. Study Coverage
2. Executive Summary
3. Market Size by Manufacturers
4. Production by Regions
5. Consumption by Regions
6. Market Size by Type
7. Market Size by Application
8. Manufacturers Profiles
9. Production Forecasts
10. Consumption Forecast
11. Upstream, Industry Chain and Downstream Customers Analysis
12. Opportunities and Challenges, Threat and Affecting Factors
13. Key Findings
14. Appendix
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